| Product Code: ETC7374111 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely on imports of magnetic resonance imaging coils from top exporting countries such as Netherlands, USA, Guatemala, China, and Denmark. Despite a challenging market environment with a negative CAGR of -20.93% from 2020-2024, the industry experienced a remarkable growth rate of 309.4% in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, highlighting the dominance of these key exporting countries in supplying MRI coils to Grenada. This data suggests a dynamic and evolving market landscape for MRI coil imports in Grenada.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Magnetic Resonance Imaging Coils Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Magnetic Resonance Imaging Coils Market - Industry Life Cycle |
3.4 Grenada Magnetic Resonance Imaging Coils Market - Porter's Five Forces |
3.5 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Magnetic Resonance Imaging Coils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced medical imaging technologies in Grenada |
4.2.2 Growing prevalence of chronic diseases requiring MRI diagnostics |
4.2.3 Technological advancements leading to improved performance and efficiency of MRI coils |
4.3 Market Restraints |
4.3.1 High initial costs associated with MRI coils |
4.3.2 Limited healthcare infrastructure and budget constraints in Grenada |
4.3.3 Lack of skilled professionals to operate and maintain MRI equipment |
5 Grenada Magnetic Resonance Imaging Coils Market Trends |
6 Grenada Magnetic Resonance Imaging Coils Market, By Types |
6.1 Grenada Magnetic Resonance Imaging Coils Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, By Radiofrequency Coil, 2021- 2031F |
6.1.4 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, By Gradient Coil, 2021- 2031F |
6.2 Grenada Magnetic Resonance Imaging Coils Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, By Neurology, 2021- 2031F |
6.2.3 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, By Cardiovascular, 2021- 2031F |
6.2.4 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, By Spine and Musculoskeletal, 2021- 2031F |
6.2.5 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, By Pediatric, 2021- 2031F |
6.2.6 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, By Breast, 2021- 2031F |
6.2.7 Grenada Magnetic Resonance Imaging Coils Market Revenues & Volume, By Abdominal, 2021- 2031F |
7 Grenada Magnetic Resonance Imaging Coils Market Import-Export Trade Statistics |
7.1 Grenada Magnetic Resonance Imaging Coils Market Export to Major Countries |
7.2 Grenada Magnetic Resonance Imaging Coils Market Imports from Major Countries |
8 Grenada Magnetic Resonance Imaging Coils Market Key Performance Indicators |
8.1 Average utilization rate of MRI coils in healthcare facilities in Grenada |
8.2 Rate of adoption of new MRI coil technologies in the market |
8.3 Number of MRI procedures performed using coils per month in Grenada |
9 Grenada Magnetic Resonance Imaging Coils Market - Opportunity Assessment |
9.1 Grenada Magnetic Resonance Imaging Coils Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Magnetic Resonance Imaging Coils Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Magnetic Resonance Imaging Coils Market - Competitive Landscape |
10.1 Grenada Magnetic Resonance Imaging Coils Market Revenue Share, By Companies, 2024 |
10.2 Grenada Magnetic Resonance Imaging Coils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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